BASE Jumping Equipment Market Shares, Strategies and Forecast Worldwide, 2018-2027
The activity that involves using parachutes from fixed structures to land in a particular area after jumping off from formidable height is called Base jumping. Compared to skydiving, BASE jumping is a low altitude sport that is more risky than the former. With such dangers involved in BASE jumping, not everyone can attempt this activity, and hence it is treated as an extreme sport. It also is prohibited in several regions.
A sense of adrenaline rush encountered by individuals who participate in BASE jumping activities is primarily driving the BASE jumping equipment market. This is mainly due to the ability of such an adrenaline rush to leave a distinct physical and mental impact on the participants that makes the entire event quite memorable. Some may even try the activity more than once, consequently increasing the demand for relevant equipment. Moreover, widespread advancements occurring in the techniques and processes associated with these activities mainly from a safety perspective too is propelling growth in the global BASE jumping equipment market.
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Physical and Mental Health Benefits of BASE jumping Stokes Growth in Market
BASE jumping offers a life changing experience that is known to boost confidence of individuals and rejuvenates their mental health. As younger generation is suffering from stress and anxiety owing to changing lifestyle, adventure sports such as sky diving and BASE jumping are gaining increasing popularity amongst the crowd. This is poised to create a positive influence on the BASE jumping equipment market in the years to follow.
An increasing number of sportsmen are opting for learning lessons for BASE jumping that can help them to maintain fitness, keep a have positive attitude, and also to keep a healthy emotional balance. As more number of people are accepting the challenge of BASE jumping, the market for its equipment is expected to grow significantly during the upcoming years.
Costly Equipment Stunts Market’s Expansion by Attracting Less Costumers
One of the major factor hampering the growth of the BASE jumping equipment market is its life threatening and risky nature. BASE jumping is known to be more dangerous than sky diving activities. Owing to an increasing mortality rate during base jumping, this sport is prohibited in many parts across the globe. Another factor hampering the BASE jumping equipment market is the risk associated with the jumping locations, mainly as they are very small to land. Owing to such landing difficulties, a reduction in participation for the activity has occurred since past few years.
The fatality rate for BASE jumping exists is quite high, viz. one in sixty participants. The cost of buying equipment along with high expenses of the event make it difficult for those having less disposable income to try it out. This consequently is hampering the global BASE jumping market. The ratio mentioned above has been increasing in recent times, which too poses as an obstacle to the BASE jumping equipment market’s growth. However, many equipment manufacturers are expected to introduce less costly equipment, thereby offsetting most restraints affecting the market.
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North America Holds Leading Edge over Other Regions
The global BASE jumping equipment market is mostly spread in just a few selective regions, majorly in developed economies, where a high prevalence and demand of this sport exists. From an overall perspective, North America depicts the presence of maximum spots wherein this sport is undertaken, thus holding a leading position in the global BASE jumping equipment market. After North America, Europe too showcases the presence of popular outdoor spots where base jumping can be done by amateurs as well as professionals.
Asylum Designs, Basejumper.com, Rock Sky Market, and Squirrel, are some of the key companies operating in the global BASE jumping equipment market.
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